Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
B2GoldTSX:BTO +4.90%89 3-Year Share Buyback Ratio is -7.60 as of Jun. 2026. GuruFocus rates TSX:BTO with a GF Score™ of 89/100 and a GF Value™ of C$7.02 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,168 Metals & Mining companies, B2Gold ranks better than 72.09% on this metric.
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. B2Gold's current 3-Year Share Buyback Ratio was -7.60%.
The historical rank and industry rank for B2Gold's 3-Year Share Buyback Ratio or its related term are showing as below:
TSX:BTO'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -33.9 Med: -7.65 Max: -1.4
Current: -7.6
During the past 13 years, B2Gold's highest 3-Year Share Buyback Ratio was -1.40%. The lowest was -33.90%. And the median was -7.65%.
TSX:BTO's 3-Year Share Buyback Ratio is ranked better than 72.09% of 2168
companies
in the Metals & Mining industry
Industry Median: -17.55
vs TSX:BTO: -7.60
B2Gold (TSX:BTO) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
B2Gold 3-Year Share Buyback Ratio Related Terms
TSX:BTO vs NEM, AU: 3-Year Share Buyback Ratio Comparison
For the Gold subindustry, B2Gold's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
B2Gold 3-Year Share Buyback Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, B2Gold's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where B2Gold's 3-Year Share Buyback Ratio falls into.
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of -7.60 mean?
B2Gold (TSX:BTO) has a 3-Year Share Buyback Ratio of -7.60 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for B2Gold and its competitors. According to the industry distribution chart, B2Gold ranks #605 out of 2168 companies in the Metals & Mining industry, placing it in the top 27.9%.
Is B2Gold's 3-Year Share Buyback Ratio too high?
B2Gold's current 3-Year Share Buyback Ratio is -7.60. Based on the distribution chart, B2Gold ranks #605 out of 2168 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, B2Gold has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does B2Gold's 3-Year Share Buyback Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, B2Gold ranks #605 out of 2168 companies for 3-Year Share Buyback Ratio. This puts B2Gold in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for a Metals & Mining company?
A good 3-Year Share Buyback Ratio depends on the Metals & Mining industry context. However, 3-Year Share Buyback Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for B2Gold and its competitors. B2Gold's current 3-Year Share Buyback Ratio is -7.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B2Gold stock overvalued right now?
Based on GuruFocus' analysis, B2Gold (TSX:BTO) is currently considered Fairly Valued. The stock's GF Value™ is C$7.02, compared to a current price of C$7.28 — trading 3.7% above its estimated fair value. The current 3-Year Share Buyback Ratio is -7.60. B2Gold's overall GF Score™ is 89/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For B2Gold (TSX:BTO), the current 3-Year Share Buyback Ratio is -7.60 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is B2Gold (TSX:BTO) Overvalued in 2026?
Based on GuruFocus' analysis, B2Gold stock appears to be overvalued.
The current stock price of C$7.28 is trading 3.7% above its estimated GF Value™ of C$7.02.
GuruFocus considers B2Gold to be Fairly Valued.
Key valuation signals for TSX:BTO:
3-Year Share Buyback Ratio: -7.60
GF Value™: C$7.02 vs. price of C$7.28 (3.7% above fair value)
No single metric tells the full story. See the TSX:BTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other assets include the Gramalote gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; the Goose Project, and other mineral properties; and corporate and other.
89GF Score
Get the complete analysis for TSX:BTO
3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:BTO has been successfully added to your 
